Rio Tinto Group (RIO) – Research Analysts’ Recent Ratings Changes

A number of firms have modified their ratings and price targets on shares of Rio Tinto Group (LON: RIO) recently:

  • 4/18/2024 – Rio Tinto Group had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 6,630 ($83.28) to GBX 6,610 ($83.03). They now have an “overweight” rating on the stock.
  • 4/18/2024 – Rio Tinto Group had its “buy” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft. They now have a GBX 6,000 ($75.37) price target on the stock.
  • 4/17/2024 – Rio Tinto Group had its “buy” rating reaffirmed by analysts at Berenberg Bank. They now have a GBX 5,900 ($74.11) price target on the stock.
  • 4/17/2024 – Rio Tinto Group had its “buy” rating reaffirmed by analysts at Bank of America Co.. They now have a GBX 7,700 ($96.72) price target on the stock.
  • 4/9/2024 – Rio Tinto Group had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co..

Rio Tinto Group Stock Performance

Shares of LON RIO opened at GBX 5,476.92 ($68.80) on Friday. Rio Tinto Group has a one year low of GBX 4,509.50 ($56.64) and a one year high of GBX 5,910 ($74.24). The company has a debt-to-equity ratio of 25.47, a current ratio of 1.69 and a quick ratio of 1.34. The firm has a market cap of £68.46 billion, a price-to-earnings ratio of 1,115.46, a P/E/G ratio of -0.64 and a beta of 0.65. The stock’s fifty day moving average price is GBX 5,135.81 and its two-hundred day moving average price is GBX 5,339.23.

Rio Tinto Group Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, March 7th were issued a dividend of GBX 203.77 ($2.56) per share. This is a positive change from Rio Tinto Group’s previous dividend of $137.67. This represents a dividend yield of 3.9%. The ex-dividend date was Thursday, March 7th. Rio Tinto Group’s dividend payout ratio is 6,945.01%.

Insider Buying and Selling

In related news, insider Peter Cunningham sold 3,939 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of GBX 5,216 ($65.52), for a total transaction of £205,458.24 ($258,080.94). 14.71% of the stock is owned by company insiders.

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.

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